Iraq's oil revenues are spent each in 7 months

Iraq's oil revenues are spent each in 7 months
 
October 2, 2014 11:13   
 
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Expect the Minister of Finance Agency, to end the government to settle all the information required for the completion of the budget late, and drove her to the House of Representatives later may be after the feast, saying that everyone wants to solve the crisis of the salaries of the staff of Kurdistan, although the pay will be linked to cash balance available, in reference potential the lack of a significant financial facing the country. term, according to the newspaper
This may explain revelations parliamentary committee competent for revenue and expenditure figures for the months to seven years, where data suggest that the government of Nouri al-Maliki spent all money derived from oil revenues, although it did not pay the amounts of petrodollars to Basra and the rest of the producing provinces, also did not pay the budget of Kurdistan, as well as Other expenses parked in the provinces that fell Daash, however, refers to a significant increase in spending, and not calculated to quotas provinces remained the task of waiting for the launch of their money, or the salaries of its employees.
The Council of Ministers announced in its meeting held last Tuesday, he was briefed on the figures prepared by the Ministry of Finance on the Kurdistan region and commissioned the preparation of the expected revenues from the export of oil and its relationship with the federal budget and decided to form a ministerial committee to study the financial situation and the formulation of priorities for payment of dues basic way that does not lead to a damaging reality of living of the citizens.
And got "long" on the total numbers of financial returns and expenditure for the first seven months of this year, showing that Iraq has spent all amounts derived from the export of oil, even though he did not pay dues Kurdistan nor amounts of petrodollars for Basra and the producing provinces, and most of the financial obligations of the provinces that have fallen However Daash.
The Chairperson of the parliamentary finance committee Magda Abdel-Latif al-Tamimi, in an interview with the "long", that the meeting of the Council of Ministers, which was held last Tuesday discussed the income and expenses that have been achieved in the general budget for the previous period, "noting that the next two days will be the two income and expenditure conjecture for the remainder of the current year, ready by the Ministry of Finance.
The former House of Representatives failed to approve the budget of 2014, which led to migrate to the new parliamentary session. They pointed out that al-Tamimi, "We hope to hold an extraordinary session of the Council of Ministers (Thursday) to complete the discussion of the federal budget for 2014" likely that the government will hand over the federal budget to parliament after Eid al-Adha holiday. "
She said "oil revenue, according to data from the Ministry of Finance of the beginning of the year until 31.7.2014 amounted to fifty-seven trillion dinars from oil revenues, while revenues bank treasury amounted to 2 trillion and two hundred and sixty-six billion dinars," he said, "non-oil revenues amounted to one trillion and nine hundred and fourteen billion dinars, while revenues amounted to the opening balance as at January 2014 was 2 trillion and nine hundred seventy billion dinars. "
The MP for the Liberal bloc that "the total revenue, which entered during the first seven months of the year amounted to 64 Trliuna and one hundred and fifty billion dinars."
With regard to operating expenses and investment, explained head of the Finance Committee that "the size of the investment expenditure amounted to fourteen trillion, eight hundred and one fifty billion dinars for the first seven months of the year, which was spent only on ongoing projects, while the current budget or operational forty-nine Trliuna seven hundred and fourteen billion dinars. "
It noted that "the Ministry of Finance will work quickly to make guesses of income and expenditure to come," indicating that the oil prices in the case of falling as the price of a barrel to $ 94, what would have an impact on the size of the budget. "
For his part, Minister of Finance Agency Mohammed Xiaa Sudanese told the "term" that "after deliberation initial federal budget by the Council of Ministers meeting on Tuesday decided to form a technical committee headed by the Ministry of Finance and the membership of the ministries of oil, planning and the central bank and the General Secretariat of the Council of Ministers to discuss the problems of the budget ".
He added that the Sudanese "Cabinet select the work of the Technical Committee for a period of one week to complete its work regarding the budget, which will provide recommendations to the government include proposals and the expected deficit ratio and procedures that would address this deficit."
The rejection of the Minister of Finance to comment on the budget figures, which ended with them and his ministry, he said, "You can not speak any number of budget figures (which belong to the Kurdistan region and the provinces, expenses and revenues) in the current time on the grounds that there was a technical committee pursue the matter and hold meetings on a daily basis in order to reach solution to this problem. "
And about the possibility of the launch of the salaries of the staff of the Kurdistan region during the current period, the Minister responded that "the solution to this problem (the salaries of the staff of Kurdistan) is part of the political agreement, which wants to solve this crisis, and therefore there is a great desire and serious for the Council of Ministers to solve this issue," he said, adding that the Kurdistan region budget of its own like the governorates and ministries and this is a natural right.
The government of Nuri al-Maliki has cut the salaries of employees in the territory of the Kurdistan since last February due to differences over the export of the oil produced in the region.
The minister continued that "the Council of Ministers will determine the date required by the Ministry of Finance launched the salaries of employees of Kurdistan and the amounts disbursed supposed to, and this is subject to the cash balance available at the Iraqi state."
The minister expected that "the adoption of the budget will be during the current month in the Council of Ministers and the Parliament."

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